Buyers are turning their backs on new cars in favour of used models, says a leading finance house. Brexit, a global slowdown, and confusion over fuel type have caused 2.4 million drivers to think twice about buying new car. The findings from a new report published today by Close Brothers Motor Finance found, in the past year, the proportion … [Read more...]
JLR sustains big losses in three months
Massive losses have been recorded by JLR. It has reported a £3.4B quarterly loss after writing down the value of its cars and plants. Last month it announced a 10% cut in its 42,500 employees, mostly in the UK. It is the third consecutive quarterly loss after it was hit by U.S.-China trade tensions, low demand for diesel cars in Europe and Brexit … [Read more...]
Mixed responses to new EU emissions target
Car makers have expressed serious concerns about the highly challenging CO2 target that auto manufacturers will have to meet by 2030. The European Parliament, Commission and Council agreed to cut carbon emissions from new cars and vans by 15% in 2025 and 37.5% in 2030, compared to 2021 levels. The European federation of transport NGOs, Transport … [Read more...]
Mid-week motoring: Honda Civic Saloon
With no Estate version in the tenth generation Honda Civic range, until now only available in five door Hatchback form, now Honda has extended the Civic’s appeal by adding four door Saloon versions, writes David Miles. Unlike the Hatchback and Type R built in the UK for global sales, the Civic Saloon is built in Turkey for European … [Read more...]
Sunday drive: Honda Civic 5dr 1.6 diesel
Built in Britain for global sales the 10th generation Honda Civic is available in five door hatchback body style and now a Civic four door saloon, built in Turkey for European markets, has been added to the range, writes David Miles. Also a new 1.6-litre turbodiesel engine with manual and automatic gearbox choices has joined the … [Read more...]
Diesel sales collapsing across Europe
Disaffection towards diesel engine cars is spreading all over Europe, said the International Energy Agency. The market share of diesel cars in the European Union fell to 36.5 percent in the first half of 2018 from 42.5 percent in the first half of 2017, reported the IEA. Sales declined by 16 percent to 3.12 million units, with Britain sinking to 30 … [Read more...]
Fuel prices hit four year high
August saw yet another rise in the price of both petrol and diesel meaning that prices have gone up for eight of the last 12 months making both fuels 13p more expensive than this time last year, new RAC Fuel Watch data reveals. Pump prices continue to creep ever upward with unleaded increasing by 1.65p to 130.59p and diesel by 1.32p to 132.19p in the … [Read more...]
Fuel prices on the rise again, says RAC Fuel Watch
July saw the return of rising petrol and diesel prices at the forecourt, with both petrol and diesel edging up by around 1p a litre, said RAC Fuel Watch. Last month saw the continuation of recent ‘see-saw’ pump price changes – while drivers were stung with one of the worst petrol price rises through May 2018, the following month saw average prices fall by … [Read more...]
Diesel will be dumped by more in future
UK motorists will go green in the near future, as 55 per cent plan to swap diesel for a more ‘planet-friendly’ alternative with their next car purchase. A study of 2,000 motorists currently in the market for a new vehicle found 42 per cent are concerned that they may be taxed more in the near future if they decide to buy a vehicle which runs on … [Read more...]
Newslines 9 July
A high number of ex-pcp sourced cars entering the used market has led to a fall in used prices. It’s not just the volume going on sale but the fact many are diesel and hatchbacks or saloons and not the more desirable petrol powered SUV models say analysts at Cazana. Falling prices, steady low interest rates and slowly improving pay are boosting car … [Read more...]
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